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Mercantile

Mercantile

Mercantile provides a financial technology solution to help small businesses compete against larger competitors.

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Contents

getmercantile.com
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Technology
Technology
Financial technology
Financial technology
Finance
Finance
Location
New York City
New York City
Austin, Texas
Austin, Texas
New York
New York
B2X
B2B
B2B
0
Founder
Luke Finney
Luke Finney
Pitchbook URL
pitchbook.com/profiles...462469-15
Legal Name
Mercantile Financial Technologies Inc.
Date Incorporated
February 3, 2021
Number of Employees (Ranges)
1 – 10
Full Address
245 8th Ave #1035, New York NY, 10011
Place of Incorporation
Delaware
Delaware
Incorporation Reference
0803927659
Investors
8VC
8VC
First Round Capital
First Round Capital
0
General Catalyst
General Catalyst
SV Angel
SV Angel
Inovia Capital
Inovia Capital
Commerce Ventures
Commerce Ventures
Operator Partners
Operator Partners
BoxGroup
BoxGroup
Founded Date
February 2021
Latest Funding Round Date
January 28, 2021
Latest Funding Type
Seed
Seed

Other attributes

Company Operating Status
Active

Mercantile's goal is to unify the purchasing power of small businesses to negotiate with suppliers and deliver discounts for their top vendors' offers. The company accomplishes this by providing an industry-specific credit card to small business owners that unifies their purchasing power to deliver customized discounts on top of other standard rewards and perks, such as airline miles, cash back, insurance on rental cars, and more. Mercantile partners with software providers and associations in a variety of industries to distribute these credit cards as an additional benefit to their customers, creating also a supplementary source of revenue for the partners.

The company has a fully remote workforce. Each of Mercantile's employees receives equity in the company besides a salary. In addition, various talks, conferences, and professional development events are available to them. Mercantile also offers full coverage health, dental, and vision plans for each employee and their dependents in Canada and the US.

Timeline

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Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

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Author
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Date
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References

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